Leucrotta Exploration Inc.

Recent News

  • Leucrotta Announces Q1 2022 Financial and Operating Results

    Calgary, Alberta--(Newsfile Corp. - May 26, 2022) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2022. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSCompleted gas processing and battery funding agreements with NorthRiver Midstream Inc.Increased production 63% from 2,695 boe/d in Q1 2021 to 4,384 boe/d in Q1 2022.Increased adjusted funds flow (1) by 194% from $3.8 million in Q1...

    2022-05-26 6:00 AM EDT
  • Leucrotta Exploration Inc. Announces Securityholder Approval of the Plan of Arrangement at Special Meeting and Provides Transaction Update

    Calgary, Alberta--(Newsfile Corp. - May 24, 2022) - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that the Corporation's Securityholders (as defined below) approved the previously announced plan of arrangement (the "Arrangement") involving the Corporation, Coelacanth Energy Inc. ("ExploreCo"), Vermilion Energy Inc. ("Vermilion") and the Securityholders at a special meeting of the Securityholders held on Friday, May 20, 2022 (the "Meeting").The special resolution approving the Arrangement was approved by approximately: (i) 100% of the votes cast by the holders (the "Shareholders")...

    2022-05-24 11:05 AM EDT
  • Leucrotta Announces Q4 2021 Financial and Operating Results

    Calgary, Alberta--(Newsfile Corp. - April 21, 2022) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2021. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSAchieved production of 5,000 boe/d in late Q4/21 and exited December 31, 2021 with approximately 4,500 boe/d of production. Estimated production for Q1/22 average is approximately 4,300 boe/d.December 31, 2021 adjusted working capital...

    2022-04-21 6:00 AM EDT
  • Leucrotta Exploration Inc. Announces Strategic Transaction with Vermilion Energy Inc. and Creation of a New Pure-Play Montney Company

    Calgary, Alberta--(Newsfile Corp. - March 28, 2022) -  Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Agreement") pursuant to which Vermilion Energy Inc. ("Vermilion") will acquire all of the issued and outstanding securities of Leucrotta ("Leucrotta Shares") for an aggregate consideration of approximately $500 million, excluding value assigned to the newly formed Montney company ("ExploreCo"). The transaction will be accomplished by way of a statutory plan...

    2022-03-28 7:57 AM EDT
  • Leucrotta Exploration Announces Update on Business Plan Including Gas Processing and Mica Battery Funding Arrangements, Expansion of Mica Project into Alberta, and Commencement of Drilling Program

    Calgary, Alberta--(Newsfile Corp. - March 17, 2022) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") has previously announced a Plan to reach 30,000 boepd within a five-year time frame. The accomplishments outlined below will assist in accelerating the development and provide greater clarity on funding and timeline to achieve those goals:Gas processing arrangement noted below along with currently owned facilities provides Leucrotta with enough gas processing to reach an interim goal of approximately 25,000 boepd.$55 million infrastructure funding allows Leucrotta...

    2022-03-17 6:00 AM EDT
  • Leucrotta Exploration Announces 2021 Year-End Reserves

    Calgary, Alberta--(Newsfile Corp. - March 16, 2022) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its 2021 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2021 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted.IntroductionDuring 2021, Leucrotta made the strategic decision to sell its Doe property for gross proceeds of $30.0 million,...

    2022-03-16 6:00 AM EDT
  • Leucrotta Exploration Inc. Announces Grant of Incentive Stock Options and Restricted Share Units

    Calgary, Alberta--(Newsfile Corp. - January 13, 2022) - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that its board of directors (the "Board") has approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 2,150,000 common shares of the Corporation ("Common Shares") and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 590,000 Common Shares...

    2022-01-13 4:58 PM EST
  • Leucrotta Exploration Announces Results of Phase 1 Mica Pad Development

    Calgary, Alberta--(Newsfile Corp. - December 9, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that its 4-well Montney Phase 1 Mica Test Pad is fully on production and has produced an average rate of approximately 1,700 barrels of light oil per day and 10 mmcf/d of liquids-rich gas per day for a total Pad production rate of 3,300 boepd over the last 10 days. Leucrotta's 2021 exit rate production is estimated at 5,000 boe/d after adding...

    2021-12-09 6:00 AM EST